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The epic squeeze in the nickel market has seen other base metals caught in the slipstream amid a margin crunch and broader risk-off sentiment. LME aluminium 3M contract prices hit a record US$4,073/tonne on March 7, and were hovering around US$3,400/tonne on Monday. Meanwhile, alu...
Prices for aluminum and other base metals are pulling back, despite continued worries about Russian supply, as traders try to "take stock of what's going on, and market positions are being adjusted accordingly," Saxo Bank's Ole Hansen tells Reuters. Aluminum (LMAHDS03:COM) on the London Metal...
Due to Russian aggression in Ukraine, the Russian Federation is facing tremendous multi-level sanctions. In the short and medium term we expect Russian exports and imports to significantly decrease, the fall however will differ depending on the industry and transport mode. In the ...
The Russian invasion of Ukraine has created significant uncertainty for the cycle outlook. The global economy was on track for strongly above-trend growth in 2022. The war in Ukraine will likely have a negative impact on growth and cause higher inflation this year, with Europe tak...
Industrial metals continue to shatter price records, led by London benchmark nickel (LN1:COM), which surged as much as 60% on Monday to $46,850/metric ton, according to Reuters, and have nearly doubled since Russia invaded Ukraine on February 24. "We note the large price move in nickel over t...
War in Ukraine has fanned the flames of the metals market which was already stretched. There is still significant uncertainty and confusion around the various sanctions on Russia. If there is no quick de-escalation, upside risks will dominate especially for those with larger expos...
The SWIFT ban applies to about 70% of Russia’s banking activities. Notably, oil and natural gas payments are excluded. Russia is a major supplier of base metals to Europe, and these have seen price rises to levels not seen in a decade. Plus, the rise in natural gas prices will ...
Alcoa (NYSE:AA) +3.1% pre-market, looking to continue its scorching gains with aluminum prices surging to yet another record peak, as the war in Ukraine intensifies the threat of commodity supply disruptions from Russia. According to Reuters, three-month aluminum (LMAHDS03:COM) on the London ...
London aluminum prices jump to another all-time high, reaching as high as $3,525/metric ton before trimming gains to $3,416/ton, +1.7%, amid increased Western sanctions including blocking some Russian banks from the SWIFT international payments system. Century Aluminum (CENX +2.1%) pops to a ...
Russia’s invasion of Ukraine represented a particularly challenging situation for financial markets last week, after they had already weakened on anxieties about high inflation and rising interest rates. When it comes to commodities, however, Russia is a major supplier: Raw mat...
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iPathA Series B Bloomberg Aluminum Subindex Total Return ETN Company Name:
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Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
Aluminum is a silvery white metal with a list of positive properties that make it a useful and necessary component in many of the objects we use in our daily lives. It is non-toxic and corrosion resistant, it has high thermal conductivity and it is the most abundant metal in the Earth’...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...